Gold prices rose Thursday as investors turned to gold as the US President escalated tariffs on China, the world’s top metal consumer. US President temporarily eased steep duties on several other countries, but he raised the tariff on Chinese imports to 125%, escalating a high-stakes confrontation between the two largest economies. Gold is traditionally seen…
On April 9, the Indian financial markets ended the day on a depressing note as the bells sounded to signal the end of the trading session. Investors saw a widespread sell-off as benchmark indexes declined, with major industries like IT, real estate, and PSU Banks leading the way. The Nifty concluded the day at 22,399.15,…
In light of strong agricultural output and declining crude prices, the Reserve Bank of India (RBI) reduced its inflation forecast for FY26 on Wednesday from 4.2% to 4% from 4.2% in February. The RBI’s Monetary Policy Committee (MPC) examined the state of the economy during its policy meeting and identified a significant improvement in food…
Jeera futures fell 0.36% to ₹24,700 on profit booking after recent gains driven by strong domestic and export demand. Supply remains tight due to delayed crop arrivals from Gujarat and Rajasthan, but the upside is limited by weak overall demand and ample old stocks. Farmers hold around 20 lakh bags of jeera, but only 3–4…
Brent and WTI Oil are forecast to fall below $40 by the end of 2026 These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July….
Turmeric futures fell by 5.92% to ₹14,168, following a price rally due to supply concerns and strong demand. However, the market remains supported due to lower-than-expected arrivals and robust export demand. Exports during April- December 2024 surged by 13% to 136,921 tons, exceeding previous years. Production remains cautious due to untimely rains, raising concerns over…
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
Union Petrol Minister Hardeep Singh Puri announced on Monday that the price of Liquefied Petroleum Gas (LPG) will go up by Rs 50 per cylinder from tomorrow morning for both Ujjwala (PMUY) and non-Ujjwala customers. “The cost would increase from Rs 500 to Rs 550 per cylinder for PMUY beneficiaries. Puri stated that the price…
On April 7, as trade war worries shook global shares, benchmark indices saw their biggest one-day decline since June 2024. The Sensex and Nifty 50 closed more than 3% lower, but they fell less than their Asian and European counterparts. In early trading, the major indices saw a precipitous 5% decline, but they somewhat recovered…
Natural gas prices fell by 6.67% to settle at ₹330.2 due to weaker short-term demand forecasts, mild weather, and a drop in LNG exports. Despite a dip in production, bearish sentiment dominated the market. The average output in the lower 48 U.S. states slipped to 105.7 billion cubic feet per day in April, slightly below…
